January is a great month. Yes I know its cold out and the weather is not fun all the time. I personally am a warm weather kind of gal. I love the pool and when summer comes I am truly my happiest. But because I live here in Chicago burbs I have had to make do with the winter and learn to love it. Or may I say, learn to love what I can do with the time inside my house. January is great because you can spend the time re-prioritizing! Yes re-prioritizing everything from finances, cabinet space, organizing, schedules etc. January is a great month to make creative changes.
I like to start off the New Year with a Spending Freeze! That’s right when Jan 1st rolled around, the Marts household was on a Spending Freeze! It’s the perfect month to jump start your savings. You are already stuck inside anyway...so roll up your sleeves and let’s get started.
The #1 Rule of the January Spending Freeze is… Don't spend money on anything that is not a necessity. I.e. Food and your household bills, rent or mortgage. No thrills ladies…no clothes, no purses, no eating out, the only exception is if you got a gift card at Christmas.
Here are some helpful ideas that can get you more money in your savings account or money to pay off debt. For you FPU students you can really help your debt snow ball.
1. Go thru your pantry and use up your food before buying anymore groceries!
2. Take only cash to the grocery store and stick to it.
3. Make a meal plan. You will save 50 % just by doing that and sticking to what’s only on your list.
4. Avoid all stores that might tempt you and that includes emails advertisements too!
5. Make a savings jar with a written goal attached to it to remind you.
I painted my nails blue to remind me of My Spending Freeze! The Spending Freeze method works ...Try it!
Keep checking back for more blog posts ... it’s going to be an exciting year Frugalistas!
Hi! I am an Immanuel Lutheran Stewardship Champion but before that I was a Frugalista! I want to welcome you to Heather's Frugal Living. In my classes, you will learn my easy and savvy tips in how to live large on a small budget.